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J.P. Morgan May Face Action
By Banks in Enron Loan Deal

By

Jathon Sapsford Staff Reporter of The Wall Street Journal

Updated Feb. 21, 2003 12:01 a.m. ET

A revolt against J.P. Morgan Chase & Co. is brewing among some of the world's biggest banks.

The dispute centers on the syndicated-loan market, where J.P. Morgan dominates the business of arranging huge, pooled loans for large corporations. In this instance, some of the banks that participated in a deal arranged by J.P. Morgan are complaining they were taken advantage of, introducing a potentially serious note of discord among...